Considering the potential of Indian Small and Medium Enterprises (SMEs), private insurance company Bajaj Allianz General Insurance has launched Commercial Package Policy - a comprehensive insurance for them. The highlight of the product is that commercial package policy covers all the major risks in a single policy which are otherwise needed to be covered under separate policies.

Tapan Singhel, chief marketing officer, Bajaj Allianz General Insurance, said, "SMEs are often regarded as the key to India's economic growth and the cornerstone of entrepreneurship. Most of such entrepreneurs will be busy with their daily operations of their entities, which leaves little time to think about managing the various associated risks. Bajaj Allianz's simple and comprehensive commercial package policy is ideal for such business owners as it is customised to take care of all the risks associated to their assets or people and even probable losses due to an interruption through a single policy."

Commercial package policy offers a host of covers namely fire and allied perils, burglary and robbery, money in transit , damage to plate glass, machinery breakdown, neon sign, electronic equipments, fidelity guarantee, public liability, portable equipment, baggage and business interruption cover. The plan also covers employees under group personal accident and workmen's compensation cover.